According to the latest COT report, bullion banks keep trimming their short exposure, cutting another 3,103 contracts this week.
Hedge fund, CTA have decreased their long exposure by 7,176 contracts…
4 biggest players were short 178,826 Contracts (36% of OI)
We have demystified the COT report (exhibit 2)into an easier version to digest for our readers. Instead of 5 categories you will find 3 categories only.
- We combine the “producer” and “swap dealer” into one category Commercials AKA the bullion banks
- Managed money and other reportable AKA Hedge fund, CTA
- Non reportable AKA smaller traders without significant influence on market price.